At Newmarket Solutions we believe that payroll shouldn't be a chore - we believe it should be an easy and pain free task for you All you have to do is provide us with employee details and leave the rest to us.
We can cater from businesses with one employee to those with hundreds of employees and multiple pay-runs
Our fee structure is based on the number of employees, frequency of pay (weekly, fortnightly, monthly etc.) and an understanding of your individual requirements.
We provide the following payroll services:
- Prepare Weekly, Fortnightly, Monthly and Annual Payrolls
- Issue Payslips
- Revenue Forms P30, P35, P45, P60 etc.
- Electronic Fund Transfers
- Cheque and Cash requirements
- Deduction Summaries for PAYE, PRSI, PRSA & Pensions, Medical Insurance, Union Subs, etc.
- As Hoc Reporting
- Identification and calculation of taxable and non-taxable payments e.g. BIK, expenses, etc.
- Electronic submission of Revenue returns
- Security Payslips & Customised Stationery
- File copy of payslips: Employer copy of payslips
- Online Timesheet Entry
- Transfer of payroll data files to employer for retention
- Complete Audit Trail of all New Employees created per pay period
- Paypath Audit Trail: Hard copy of the file sent to your bank
Why Outsource my Payroll?
Payroll can be a difficult task - ensure that your payroll is accurate and correct. Managing a payroll also requires a considerable amount of time and resources. Late submission to Revenue may result in penalties and interest charges. Payroll legislation changes every year and is becoming more and more onerous a task to stay on top of
More and more companies now recognise the advantages of outsourcing their payroll and related services, allowing you concentrate on your core business. Outsourcing your payroll to Newmarket Solutions ensures that payroll is easy for you and gives you the peace of mind from knowing that your wages and salaries are processed accurately, on time and in the most cost-effective manner.
Outsourcing will allow you save on the costs of recruiting and training staff, save on the hidden costs of employing staff (insurance, benefits, phones, computer hardware), etc.
Outsourcing your payroll will increase the security and confidentiality of your data. Your valuable payroll data is stored off site. Our backup systems, IT policies and disaster recovery policy further ensure that your payroll data is in the safest hands.
Why Newmarket Solutions?
Outsourcing with Newmarket Solutions saves you time, money and other valuable resources and takes the hassle out of payroll processing. Outsourcing with Newmarket Solutions will
- allow you to focus on what you do best - your business, not administering it.
- remove the onus of keeping up-to-date on ever-changing tax regulations and calculations – all our payroll is managed by staff with recognised accountancy qualifications, why not make this expertise available to your business
- eliminate the cost associated with payroll software and support – we supply all necessary licences
- give you piece of mind – all confidential material and documentation pertaining to your company's payroll is kept securely off-site on our secure server
How does Payroll Outsourcing Work?
Newmarket Solutions will make payroll easy for you. Following on from an initial consultation, all you have to do is forward us the necessary data, sit back and leave the rest to us. We take care of entering your periodic details, updating amendments to employee details, calculating the correct amount statutory deductions (PAYE / PRSI), and any other deductions or additions for each payroll period.
Why not contact us for a competitive price or to request more information